The six persons were arrested earlier in February by the CBI for their involvement in the 1.77 billion dollar scam, involving top jewellery designer Nirav Modi, among others.Following this, the CBI during its interrogation revealed that Vipul Ambani was fully aware of the fraudulent and illegal Letter of Undertakings (LoUs) taken by Nirav Modi.

On a related note, the Directorate of Revenue Intelligence (DRI) on Sunday sanctioned the prosecution of Nirav Modi and his three firms in connection with the billion dollar fraud.